11:15AM EDT: I am about to short 1/4 of position size. Will post it as soon as possible after done. Entry with the 1/4 is done at 116.43 (short 1/4 of EUR/JPY). 11:20AM. Second 1/4 of short EUR/JPY at 116.46 is in. 11:23AM: third 1/4 of short is done at 146.45 is in. 11:27AM: took 10pips gain on 1/4 at 146.35. Will reload if bounce up (this covered 1/4 as well as the 1/4 I have not placed yet. But the truck may not come back). 11:29AM: order are in to re-enter the covered 1/4 at 160.46. Hopes she comes to take my stuff. 11:31AM: the third quarter is back in at 160.46. 11:39AM: the last quarter is in at 140.46. I plan to take profits on one to 2 quarters if fast profits, and reload them on the comeback if any (the goodbye kiss of the top). 11:42AM: 10 pips gain taken on 1/4.
11:49AM: The 1/4 I covered is back in. Summary: I took 5 pips gain on overall position during entry process to cover some cost in case of being stopped. Average price of current position (short EUR/JPY) is 160.46. I have now to give it some room to dance. I may have to disappear for sometime so that I do not get involved with too many movements. Stops are in (I cannot tell where they are as I do not want to be taken out, but also place stops).
2:50PM: I took off 1/2 of position off at 160.41. I will explain rationale later. I am busy with other things now. 1/2 short is left.
Was in the trade at 160.45, a bit early, should have been paying atention and sold again at 160.75 but nice to have a bit of profit anyway... target is 160.15 to be safe although that may just be the A down of an ABC Elliot Wave pattern down. Good Thread, got you on email to help pay atention to the E/J.
If you followed the call in my above post, I think it is time to take your profits. 3:09PM: take profits at 1.5678 (that should be 128 pips gain if I did not make a mistake in calculation). Protecting positions or taking profits need action, but a man has the luxury to wait when entering. I am now considering shorting, but I need time to study the chart to determine if and when to go short, and I am busy with other things now.